Brazilian auto exports fell in January. Imports posted its highest share of registered cars since 2014.
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Results released by the vehicle manufacturers association revealed a 16% decrease in foreign sales of light commercial vehicles, buses, and trucks.
In March, sales of light vehicles in the Moroccan market dropped 11% to 36,800 units. Dacia, Renault, and Hyundai were the best-selling brands among passenger vehicles.
Both foreign sales and production dropped last month. The President of ANFAVEA stated it reflected the obstacles faced by the industry, such as the worldwide shortage of components.
Brazil had a drop in production and exports of vehicles in June compared to May but managed to increase volumes compared to 2020.
Minister Hisham Tawfik visited the company that will manufacture electric vehicles (EVs) by mid-2022. He met the Chinese model that will be tested in Egypt.
Despite a month-on-month decline, car exports from Brazil climbed 21.9% from a year ago.
Last month saw exports from Brazil increase month-to-month and year-to-year, to 35,000 units.
Last month, sales in the Brazilian market were down both year on year and month on month, Fenabrave reports.
Brazilian association estimates a production of 1.175 million units in 2020. Domestic market drives up the industry. Exports are down.
Brazilian manufactures association estimates sales at 3.05 million units. But exports are expected to decline.
Numbers by Anfavea show that foreign sales from Brazil were down 22.6% year-on-year and 34.7% year-to-date.
Foreign sales declined 7.1% year-on-year and 0.2% from August, Anfavea reported.
Year-to-date through June, 2 million units were sold, including automobiles, light commercial vehicles, trucks, buses, and motorcycles.
